five

The Tyranny of Inequality

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NBER1995-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5396
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Life is replete with instances where two closely related parties forego mutually advantageous opportunities: peace treaties are not signed, inefficient regulations are not altered, and possibilities for investment are frittered away. Since the parties are in close contact, asymmetric information
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1995-12-01
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